Second, pari passu to Class B Members, a 7% Preferred Return, to Class C Members, an 8% PreferredReturn, to Class D Members, a 9% Preferred Return, and to Class E Members, a 10% Preferred Return,in each case in proportion to each Member’s respective Preferred Return Balances until each suchMember’s Preferred Return Balance is reduced to zero;My guess is "until each such Member’s Preferred Return Balance is reduced to zero" would indicate distributions are based on Return of Capital.I'll appreciate if someone with experience on this topic can confirm if my interpretation is correct.Thank you.

During the formal plan check process, the city noticed that we were not interpreting the encroachment plane properly, which means we had to redesign the attic.

Hi Martha, I'm not a legal expert, but in some states, including Florida, if a tenant occupies a property and pays rent without a signed lease agreement, it could be interpreted as an implied month-to-month tenancy.

How can one best interpret the ordnance regulations to best manage and acquire STRs properly in the Charleston, SC area?

The law is new enough that many specific aspects have not yet been challenged in or interpreted by courts.

Even though the code is intended to be interpreted the same universally, we all know that it is often not and it is up to the inspector to decide what they want.

I don't want to try to speak for Josh, but this is my interpretation...Josh has spent much of the previous 8 years dedicated to this site full-time.

I'm going to interpret discovery as pre LOI diligence, AKA tire kicking. 

A few insist on a two year holding period (a narrower interpretation of those court rulings). 

The odd thing that happens when I share this topic with real estate agents is that it's tempting to interpret what I'm saying as "investing in real estate is BETTER than investing in other things", and this is an oversimplification of what I’m getting at.